Store Closures

Store closures refer to the process of shutting down a retail location, which can occur for various reasons. This may include factors such as declining sales, changes in consumer behavior, lease expirations, financial difficulties, competition, or corporate restructuring. Store closures can be temporary or permanent and can affect a single location or multiple stores within a chain. The term can also encompass the broader impact on employees, local economies, and supply chains, as well as the reactions from customers and communities affected by the closure.